The EMA50 forms good support base that protects the main bullish trend scenario that moves organized inside the bullish channel that appears on chart, which keeps our positive overview valid until now, supported by stochastic current positivity, waiting to resume the bullish bias in the upcoming sessions, which its main targets begin by surpassing 0.7220 barrier to open the way to target the mentioned channel’s resistance around 0.7600.
Holding above 0.7055 represents the most important condition to continue the expected rise, as breaking this level represents negative factor that will push the price to turn its short term and medium term track to the downside.
Expected trading range for today is between 0.7055 support and 0.7270
Expected trend for today: Overall Bullish
Origin: Economies
